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| - SmartStream Technologies, the financial Transaction Lifecycle Management (TLM®) solutions provider today announce the expansion of its Innovation Lab, with the recent opening of its new workspace in Mariahilfer Strasse in Vienna, Austria. This doubles the footprint and supports the company's growth in client innovations - where SmartStream spends a quarter of its revenues on R&D. SmartStream's Innovation Lab is a collaboration of highly skilled mathematicians, applied data scientists and IT specialists. The innovation team has partnered with a number of Tier 1 banking customers to investigate the use of AI, machine learning and blockchain. These partnerships assess how advanced technology can be used to re-engineer traditional processes to boost efficiencies, cut costs, and enhance business plans. Andreas Burner, CIO, SmartStream, states: "It is a logical step in our business growth to move to a larger workspace in Vienna. In addition, it is a city with highly skilled data scientists and experts who provide the necessary skills and support to accommodate our ongoing expansion, and partnerships with our banking clients". SmartStream increased its global headcount by eight percent last year and since the start of 2021 it has been recruiting for a further 100 open positions. Ends About SmartStream Technologies SmartStream is a recognised leader in financial transaction management solutions that enable firms to improve operational control, reduce costs, build new revenue streams, mitigate risk and comply accurately with the regulators. By helping its customers through their transformative digital strategies, SmartStream provides a range of solutions for the transaction lifecycle with AI and machine learning technologies embedded - which can be deployed in the cloud or as managed services. As a result, more than 2,000 clients - including 70 of the world's top 100 banks, rely on SmartStream Transaction Lifecycle Management (TLM®) solutions to deliver greater efficiency to their operations. For more information, visit: www.smartstream-stp.com View source version on businesswire.com: Contact For further information please contact: Shamira Alidina, Media Relations Director, Dina Communications Tel: +44 (0) 7801 590718 Email: shamira@dinacomms.com Nathan Gee, Marketing Director, SmartStream Technologies Tel: +44 (0) 20 7898 0630 Email: nathan.gee@smartstream-stp.com © 2021 Business Wire, Inc. Disclaimer: This material is not an AFP editorial material, and AFP shall not bear responsibility for the accuracy of its content. In case you have any questions about the content, kindly refer to the contact person/entity mentioned in the text of the release.
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